Framework for energy brokerage system with reserve margin and transmission losses

Journal Article · Fri Nov 01 04:00:00 EST 1996 · IEEE Transactions on Power Systems

DOI:https://doi.org/10.1109/59.544640· OSTI ID:435363

Kumar, J; Sheble, G ^[1]

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1. Iowa State Univ., Ames, IA (United States). Dept. of Electrical and Computer Engineering

The power industry in the United States is presently participating in a changing business environment. While planning to meet future peak demand is still a concern, the efficient utilization of existing generation and transmission resources is fast becoming of primary interest. This interest suggests to move from cost-based market operations to price based market operations. In such a business environment, a need for mechanism to determine pricing of various ancillary services is desired as the ancillary services go together with electrical power transfer. The proposed approach develops a novel method of pricing mechanism for reserve margins and transmission losses as a part of the overall transaction in an energy brokerage system. The brokerage model described in this paper is based on the formulations using linear programming.

• OSTI ID: 435363
• Report Number(s): CONF-960111--
• Journal Information: IEEE Transactions on Power Systems, Journal Name: IEEE Transactions on Power Systems Journal Issue: 4 Vol. 11; ISSN 0885-8950; ISSN ITPSEG
• Country of Publication: United States
• Language: English

Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
LINEAR PROGRAMMING
MATHEMATICAL MODELS
POWER LOSSES
POWER TRANSMISSION
RATE STRUCTURE